Core Insights - The article highlights concerns regarding the high interest rates of the "Rongshu Loan" product, which can reach up to 36%, while the annualized rates are not prominently displayed to users [1][3] - Baifeng Cloud Creation, the parent company of the lending platform, reported a revenue increase of 9% year-on-year, but a significant drop in net profit by 21% [2] Group 1: Company Overview - Baifeng Cloud Creation is a leading AI technology service company, utilizing advanced technologies such as large language models, natural language processing, and cloud computing [2] - The company operates through its fully-owned subsidiary, Guangzhou Shurong Internet Microfinance Co., Ltd., which manages the "Rongshu Loan" product [2] Group 2: Product Details - The "Rongshu Loan" product allows borrowing up to 200,000 yuan, but the annualized interest rate range of 7.2% to 36% is displayed in a less prominent manner [1][3] - The product's official website and app have been criticized for not clearly presenting the upper limit of the borrowing interest rates [3] Group 3: Financial Performance - In the 2024 annual report, Baifeng Cloud Creation achieved a revenue of 2.929 billion yuan, with the model-as-a-service (MaaS) segment generating 932 million yuan and the business-as-a-service (BaaS) segment generating 1.997 billion yuan [2] - The net profit for the year was 266 million yuan, reflecting a decrease in net profit margin from 13% to 9% [2]